Applications of AI to transform HR operations

In the mid-20th century, researchers started exploring the idea of creating machines that could mimic human intelligence. Since the earliest times, philosophers and scientists have dedicated their efforts to unravel the complexities of human intelligence and reasoning. As a result, we witnessed tremendous advancements in areas like space travel and ocean exploration. And then, the techies came up with the greatest of all innovations - Artificial Intelligence (AI), a model inspired by human intelligence.

Gradually transitioning from the realm of science fiction to practical applications in our everyday lives, AI carried the potential to revolutionize various aspects of human existence. Recognizing its transformative capabilities, entrepreneurs emerged as early adopters and champions of AI across diverse industries. The field of AI has since evolved and has significantly impacted various aspects of human resources. And consequently, human resources was established as one such area where human and machine intelligence convergence exhibited eminent potential.

50% of HR professionals say AI can transform HR.

The AI in HR market is growing at a CAGR of 35.26%. It is estimated to reach USD 17.61 Bn in 2027.

This synergy is driving significant transformations within HR practices, including recruitment, onboarding, assessment, and management. It is no surprise that a substantial number of HR professionals recognize the potential of AI to revolutionize critical HR responsibilities. In a nutshell, Artificial Intelligence (AI) is no longer just a buzzword; it has become an essential part of our lives, influencing every facet of HR practices in ways we could only dream of a few years back. Let's dive deep into how AI can improve HR operations and discover 10 AI applications transforming HR operations.

How can AI improve HR operations?

As we all know, talent acquisition is a critical function within HR departments. But the question is: how can we guarantee that we genuinely acquire "talent"? What happens when we end up hiring individuals who may possess charm and personality but fail to meet the initial promise or desired skill sets? Unfortunately, HR departments, consisting of fallible humans, are susceptible to human biases. However, AI technology offers a potential solution by emphasizing the analytical processing of vast amounts of data, surpassing individual observations, and streamlining the talent acquisition process.

Over 60% of people say their organization currently uses AI for talent management.

Moreover, 92% of HR managers plan on using AI to acquire new talent.

The human resources landscape is undergoing a significant transformation due to technology, particularly AI. The AI technology is impassable to stereotypes and the impact an applicant's race, gender, or ethnicity may have on employee screening outcomes. Through AI software, relevant interview questions can be designed that entirely disregard an individual's background and focus solely on their professional competence for a specific job.

68% of HR leaders say incorporating AI in recruitment will handle unintentional bias.

In addition to mitigating human bias in candidate screening, AI significantly benefits HR departments by alleviating the burden of sifting through vast amounts of data found in candidate resumes, social media profiles, reference letters, and other sources. This process ranks among the most time-consuming tasks faced by HR professionals, who often find themselves compelled to take shortcuts to meet their deadlines. While it is clear that AI can revolutionize HR operations in numerous ways, let's discover a few applications of AI that can help you reinvent your HR operations.

To read more about 10 AI applications reinventing HR operations: https://ow.ly/RrPG50QujKk

Conclusion

In today's ever-evolving business landscape, organizations strive to identify ways to attract, recruit, onboard, engage, and retain their essential assets - the talent that brings enterprise success. However, incorporating AI tools in business processes is still not a feasible option for many organizations. And this is where outsourcing comes into the picture. Exela HR Solutions is a market leader in delivering HR outsourcing services and helping organizations streamline and expedite their HR operations. We at Exela HR Solutions employ the latest technologies and tools to provide our clients with a smooth and hassle-free experience. Talk to our experts now to discuss your specific HR requirements. Get started with Exela HR Solutions today and optimize your HR workflows!

Contact us for more details: https://ow.ly/Nluj50PICwa